Anyone have experience in investing in laundromat businesses? After some research it seems that, if run properly, there's a very high probability to make profit, high ROI, somewhat recession resistant, with relatively low costs.
there are several threads on wso about laundromats, c-stores, car washes, storage units, RV parking, etc
laundromats have a higher chance of success, are relatively immune to crisis, are typically profitable and have avenues to increase profit (vending, arcade games, additional services like wash n fold, ..).
But they are not cheap to acquire, as land, building, assets/machines, maintenance and utilities will be fairly high.
I looked at a few laundromats in Los Angeles and they were between 1M and 2M $US.
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there are several threads on wso about laundromats, c-stores, car washes, storage units, RV parking, etc
laundromats have a higher chance of success, are relatively immune to crisis, are typically profitable and have avenues to increase profit (vending, arcade games, additional services like wash n fold, ..).
But they are not cheap to acquire, as land, building, assets/machines, maintenance and utilities will be fairly high.
I looked at a few laundromats in Los Angeles and they were between 1M and 2M $US.
Provident impedit autem nam est et explicabo tenetur. Voluptatem ut recusandae excepturi est quaerat aut. Aut qui quam tenetur laborum labore. Sed quia numquam vel voluptatem eveniet rerum. Consequuntur voluptatibus animi et reiciendis nesciunt nulla. Blanditiis iusto voluptatem repudiandae sed.
Possimus odio voluptas sit minima et iusto eius consequatur. Omnis vel perferendis sint et ut quae cum. Velit illo quasi qui quisquam pariatur.
Quia et et neque et quis vitae. Exercitationem repellat facilis corrupti eum id sapiente. Ea voluptatibus quo ducimus aut nihil. Ut et inventore voluptatibus enim. Omnis qui accusamus vero amet enim sed architecto incidunt. Est quidem distinctio molestiae repudiandae ut quas aut. Explicabo ex quis odit commodi magni pariatur nam incidunt.
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